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Jessica knows that she should spend no more than 1/3 of her income on her rent. She really wants to move into a condo downtown and has found a great place where the rent is $2,300 per month. Based on that, how much should Jessica earn each month to afford the rent on her cool new place? Show your work and make sure to create an equation.
The rent she is paying should be 1/3 or less than her income. Therefore she has to earn 3 times or more of her income. The least she could earn every month is:
2,300 × 3 = $6,900
As for the equation, if we assume the rent is x, the equation for her income will be 3x.
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